PGIM Public and Private Fixed Income | Associate/ Senior Associate, Quantitative Modeling and S[...]

PGIM; City of London; On-site; GBP 150,000 - 200,000; Full time

Job summary

A leading global asset manager in London is seeking an Associate/Senior Associate for Quantitative Modeling and Strategies to develop asset allocation models and collaborate on analytical solutions in the asset management sector. The role requires a quantitative degree, programming skills in Python, and a passion for financial markets. Offering competitive benefits and a supportive work environment.

Benefits

Private medical insurance

Annual leave of 25 to 28 days

Retirement savings plan with company contribution

Qualifications

• Keen interest in using quantitative models for investment and risk management.
• Minimum bachelor degree in a quantitative field.
• Minimum experience with programming.

Responsibilities

• Design analytical solutions for asset management needs.
• Collaborate with portfolio/risk managers on model development.
• Develop financial analytics platform using Python.

Skills

Programming experience with Python

Understanding of financial markets

Strong math foundation

Education

Minimum bachelor degree in a quantitative field

Tools

Python

C++

Java

Job description

PGIM Public and Private Fixed Income | Associate/ Senior Associate, Quantitative Modeling and Strategies

Based in London

PGIM is a GLOBAL LEADING ASSET MANAGER WITH A DIVERSE & INCLUSIVE CULTURE. As the Global Asset Management business of Prudential, we’re always looking for ways to improve financial services. We’re passionate about making a meaningful impact – touching the lives of millions and solving financial challenges in an ever‑changing world. We also believe talent is key to achieving our vision and are intentional about building a culture on respect and collaboration. When you join PGIM, you’ll unlock a motivating and impactful career – all while growing your skills and advancing your profession at one of the world’s leading global asset managers! If you’re not afraid to think differently and challenge the status quo, come and be a part of a dedicated team that’s investing in your future by shaping tomorrow today. At PGIM, You Can!

What you will do

The Quantitative Modelling and Strategies (QMS) Group in PGIM Fixed Income is looking to add Associate/Senior Associate team members to work on research and development of Strategic and Tactical Asset Allocation Models, Portfolio Construction Algorithms and Tools, and Global Multi‑Factor Risk Models. The group covers all major global fixed income markets, and we model credit, interest rate and foreign exchange risks. We work closely with portfolio managers and traders as well as with colleagues in risk management, structured finance research, and application development teams.

What you can expect

• Design analytical solutions to business needs in an asset management environment
• Engage portfolio/risk managers to understand business requirements and collaborate on model research and development
• Design and develop state‑of‑the‑art financial analytics platform in Python.
• Opportunities to learn, contribute and lead. We love innovative ideas and always foster an environment to encourage entrepreneurship.

What you will bring

• Minimum bachelor degree in a quantitative field from a reputable university
• Good understanding and programming experience with Python (or other object‑oriented languages like C++ and Java)
• Keen interests in Financial Markets and passionate about using quantitative models to improve investment and risk management decisions.
• Enthusiasm, self‑motivation and constant intellectual curiosity
• Excellent execution capability and willing to put in extra effort to stand out of the crowd
• Great math foundation

What will set you apart?

• Top achiever during undergraduate studies and/or an advanced degree (PhD preferred) in a quantitative field (science, math, finance or engineering).
• Deep knowledge and understanding of statistical theory and methods, for example, PCA, linear/quadratic/mixed integer optimization, classification, feature identification and selection, multi‑variable regressions, and their practical applications, tricks and best practices.
• Experience and understanding of factor risk and attribution models.
• Exposure to structured finance and credit models, as well as Monte Carlo simulation.
• Real market experience
• Cross‑market and products knowledge
• Demonstrated ability to carry out independent research projects as well as to make contributions in a team setting
• Strong communication and presentation skills
• Strong programming skills and experience in Python
• PGIM welcomes all applicants, even if you don't meet every requirement. If your skills align with the role, we encourage you to apply.

What We Offer You

• Private Medical Insurance: PGIM offers private medical insurance and pays the full premium on behalf of all employees.
• Annual Leave of 25 to 28 days, based on years of service, at full pay.
• Retirement Savings Plan: Employees receive a company contribution of 10% basic annual salary and a maximum employer‑matching contribution of 5% of basic annual salary.
• Life Assurance & Income Protection: Life Assurance for 8 times your basic annual salary, up to a max benefit of £1.8 million. 60% of your basic annual salary for a limited payment terms of 5 years, at the end of which a capital sum of 2× your basic annual salary is payable.

To find out more about our Total Reward package, visit https://youtu.be/acuhcv46Nz0

About PGIM Public And Private Fixed Income

PGIM Public and Private Fixed Income is a global asset manager offering active solutions across all fixed income markets. Our business climate is a safe inclusive environment, centered around mutual respect, intellectual honesty, transparency, and teamwork. Our leaders are focused on talent & culture; dedicated to fostering growth & development at all levels to develop the industry leaders of tomorrow.

Seniority level

Entry level

Employment type

Full‑time

Job function

Other

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Prudential is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, national origin, ancestry, sex, sexual orientation, gender identity, national origin, genetics, disability, marital status, age, veteran status, domestic partner status, medical condition or any other characteristic protected by law.